Austin Symphony earns raves and $1 million gift

It’s been quite a week for the Austin Symphony. It earned some its most glowing notices in years. It also secured a $1 million gift.

It came in the form of a bequest from patron Ronald C. Jernigan to kickstart the group’s Moto Perpetuo Society, a club established for those who plan gifts to the symphony’s endowment $100,000 or more.

Ronald C Jernigan
Ronald C. Jernigan announces $1 million bequest to the Austin Symphony. Contributed

“Ever since returning to Austin, I have been so taken with the Austin Symphony,” Jernigan says. He’s also a big fan of endowments, which conservatively allow groups to spend the earnings from interest, but keep the principal safe.

Joining Jernigan in the society are Araminta and Tom Sellers as well as Bruce and  Kathryn Grube.

According to the Weathminder website, Jernigan is a Spicewood-based investment advisor with the National Planning Corporation.

 

Author: Michael Barnes

Michael Barnes writes about Austin's people, places, culture and history for the Austin American-Statesman and austin360.com.

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